Ammonium Nitrate Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026
July 04, 2022
July 04st,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Ammonium Nitrate Market over the trend period from 2015 to 2020 and forecast period from 2021 to 2026. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Ammonium Nitrate Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Ammonium Nitrate Market is no different. Derived from the previous market scenario, the Ammonium Nitrate Market is likely to witness a CAGR of 4.3% during the forecast period.
Key Players:
- Austin Powder Company
- CF Industries Holdings, Inc.
- Enaex S.A
- EuroChem Group AG
- Fertiberia SA
- Incitec Pivot Ltd
- Neochim AD.
- Orica Ltd.
- OSTCHEM Holding
- Yara International ASA.
The Ammonium Nitrate Market is segmented by–
- by Product Type (High Density Ammonium Nitrate (HDAN), Low Density Ammonium Nitrate (LDAN), and Ammonium Nitrate solution),
- by End-User Type (Agriculture, Mining & Quarrying, Civil Construction, and Others), and
- by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/2085/Ammonium-Nitrate-Market.html#form
Regional analysis:
- Europe is estimated to lead the ammonium nitrate market during the forecast period.
- The region’s growth is driven by countries, including Germany, the UK, France, and Italy, which have a matured agriculture industry.
- As per the European Environment Agency, grassland and cropland together account for 39% of Europe’s land cover.
- Furthermore, government initiatives and programs to enhance the use of fertilizers in the agriculture sector will augment the demand for ammonium nitrate in the region.
- North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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Author : Emily
Frequently Asked Questions (FAQs)
Europe is expected to lead the ammonium nitrate market during the next five years.
Increasing demand to produce adequate food coupled with growing concerns of arable land across the globe and rapid growth in population are the factors driving the growth of ammonium nitrate market.